Poundland’s like-for-like sales fell by 1.5% over the nine months to 30 June 2026, after it overhauled its range to focus on the £1 price point.
Like-for-like volume sales rose by 5% over the first three quarters of its current financial year but price drops meant it did not feed through to value sales growth.
The 1.5% drop in like-for-like value sales is nevertheless an improvement on the 2.9% decline in the quarter to 28 December 2025.
In fmcg, like-for-like volume sales were up by 8% in the nine months to June. The volume growth numbers are adjusted to exclude the impact of categories removed in Poundland’s recovery plan, including chilled and frozen food.
Poundland said EBITDA was broadly in line with expectations and more than £70m ahead of the same period a year earlier.
The variety discounter also announced its first new store in two years, having closed about 150 since summer 2025. The new store is set to open on 29 August at Lakeside in West Thurrock. Poundland has about 650 stores in total.
Earlier this week, reports emerged that Poundland’s owner Gordon Brothers is exploring a sale of the discount chain just over a year after buying it.
Poundland MD Barry Williams said: “Day-by-day and week-by-week we’re getting the Poundland business back on track as we turn around the business at pace.
“Thanks to the hard work of my colleagues in every store, distribution centre and customer service centre, we’re making the kind of progress many thought was just a pipe dream.
“We know how important a thriving Poundland is for high street footfall right across the communities we serve.”
Poundland is also rolling out new ranges in general merchandise, including Halloween and party lines, with a ‘three for £3’ pick-and-mix-style offer. It follows a transition back to sourcing GM via its own buying team rather than through former owner Pepco Group. The GM rollout completes a nine-month overhaul of the entire customer offer, according to Poundland.
“The re-launch of our GM offer is a significant moment, completing the wholesale revamp of our entire offer across fmcg, clothing and now homewares,” added Williams.
“Rebuilding trust with customers takes time, but we’re making very significant progress as we deliver the ranges and price simplicity they demand of us.”
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